George PapandreouPrime Minister George Papandreou’s speech on Saturday evening in Thessaloniki was designed to reassure not only his Greek citizens that all would be well but also that those holding Greek sovereign debt would be getting their money back. The government’s top priority, he said, is “to save the country from bankruptcy.”

ParthenonCollectivist statists from America to southern Europe are singing a familiar tune: The private sector is to blame for the economic nightmare that they have created. The Obama administration began complaining that businesses with cash were not instantly using that cash to hire employees, whether market conditions made that a prudent decision or not.  Now the Greek government is issuing more bonds and, according to the condition of their second proposed bailout by the European Union, is being required to convince private investors to acquire the vast majority of the new debt of the Greek government.

A mob of angry “Asians” — the media’s code-word for Muslims — in England attacked a busload of members of the English Defense League who were traveling through an Muslim neighborhood in London on their return from a rally.

China may soon be the largest economy in the world. It has always had those things required to be a giant on the world stage: industrious people culturally given to thrift, a large nation with diverse climatic conditions, and a huge population. As Dr. Thomas Sowell has pointed out in his brilliant studies of ethnic characteristics, throughout Asia the Chinese people have been the most financially successful.

Outrage is mounting around the world against United Nations “peace-keeping” soldiers as sex-crime allegations, ranging from charges of rape and exploitation in Haiti to wide-spread sexual abuse of children in the Ivory Coast, have exploded into the headlines this week.

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